Property summary
This exceptional three-story executive office building, located at 4259 Broadway in New York City's Washington Heights neighborhood (zip code 10033), presents a compelling investment opportunity. The 41,390 square foot property sits on a 10,347 square foot lot and is zoned C4-4 (4.0 FAR), offering significant potential for redevelopment or renovation leveraging additional air rights. Currently featuring four units, the building boasts a strong net operating income (NOI) of $1,188,511 and is being offered for sale at $18,500,000. The anchor tenant's unique layout allows for expansive redevelopment, as the space is currently vacant. The building is professionally maintained and includes four separate retail tenants. Its prime corner location provides excellent visibility and accessibility, with convenient proximity to public transportation. The West 181st Street 1 subway station is two blocks east, another subway station is one block west, and the George Washington Bridge bus terminal is two blocks south. The property benefits from its proximity to numerous national tenants, including Verizon, Chipotle, Foot Locker, Target, T-Mobile, Chick-fil-A, CVS, and Starbucks. This presents a rare chance to acquire a substantial, well-located commercial property in a thriving area of Manhattan with considerable upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C4-4 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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